Baldwin Wealth Partners LLC MA Purchases 472 Shares of EOG Resources, Inc. $EOG

Baldwin Wealth Partners LLC MA boosted its position in EOG Resources, Inc. (NYSE:EOG) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,941 shares of the energy exploration company’s stock after purchasing an additional 472 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in EOG Resources were worth $3,701,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter worth about $26,000. Saudi Central Bank purchased a new stake in shares of EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the second quarter worth about $29,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the first quarter worth about $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of EOG Resources during the first quarter worth about $36,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research analyst reports. Melius initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada boosted their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Mizuho dropped their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $143.43.

EOG Resources Trading Up 1.2%

Shares of NYSE:EOG opened at $111.84 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market capitalization of $61.06 billion, a PE ratio of 10.87, a PEG ratio of 8.54 and a beta of 0.74. The business has a 50 day moving average of $117.60 and a two-hundred day moving average of $116.86. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the previous year, the company posted $3.16 earnings per share. EOG Resources’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.